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Investement and financial planning - class-IX
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Investment in funds like ELSS are admissible for deduction under section $80\text{C}$ of income tax.
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A
True
💡 Explanation:
Investments in Equity Linked Saving Schemes or ELSS qualify for tax deduction under Section $80C$ of the Income Tax Act. The maximum tax deduction allowed under Section $80C$ is Rs 1.5 lakh under Section $80C$.